Deals
PENLER Pays $48M for Southwest Florida Community
NorthMarq originated nearly $32 million in acquisition financing for the 248-unit Tradition at Palm Aire.
Advanced Real Estate Services Secures $240M Refi for Multifamily Portfolio
NorthMarq arranged the Freddie Mac and Fannie Mae loans for six communities totaling 1,223 units in Southern California.
East Phoenix Community Trades for $15M
Greystone provided a fixed-rate $10.8 million Fannie Mae loan for the acquisition.
Aimco Spins Off $10.4B ‘Pure’ Investment Entity
The new company, Apartment Income REIT, will benefit from low financial leverage and limited execution risk.
Passco Cos. Pays $78M for South Carolina Property
Southeastern Co. sold the 330-unit community in Bluffton. The new owner retained Greystar as property manager.
29th Street Capital Purchases 308-Unit San Antonio Community
The new owner plans to invest in a capital improvements plan and upgrade the property.
TA Realty Acquires Los Angeles Westside Community
Institutional Property Advisors brokered the $65 million sale of Avalon Venice on Rose.
Mill Creek Sells Seattle Luxury Community for $125M
The 288-unit deal marks the second-largest multifamily transaction to close in the metro this year.
Lion Real Estate Spends $83M on 2 Atlanta Communities
The deal marks the Los Angeles-based real estate investment firm’s first foray into the Atlanta market.
IPA Closes Dallas Multifamily Sale
Drew Kile, Will Balthrope and Joey Tumminello assisted the seller of the 125-unit community and secured the buyer.